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shame on congress. >> reporter: lawmakers expected a vote on the sandy aid bill late last night after the fiscal cliff deal passed but in a surprise move, house speaker john boehner pulled the bill. it would not -- the reaction was swift and angry. >> the ayes have it. the house stands adjourned until 10 a.m. tomorrow morning. >> reporter: the senate passed a measure that with provide $60 million and many said the provides tag was too high. >> there raise been no substantive reason given for the action. >> reporter: the timing is key. if the house doesn't vote on the senate-passed measure, lawmakers have to start from scratch because the new members cannot take up a bill from the old congress. that means the much needed i'd could be delayed for several weeks. >> we need to rebuild now. we need to act now. we can't wait for the next congress. >> reporter: speaker boehner told republicans there will ab vote friday and the rest by january 15th. >> congressman peter king said the speaker of the house john boehner promised aid to victims will be coming up january 15 and there's a scheduled
shame on congress. >> reporter: lawmakers expected a vote on the sandy aid bill late last night after the fiscal cliff deal passed but in a surprise move, house speaker john boehner pulled the bill. it would not -- the reaction was swift and angry. >> the ayes have it. the house stands adjourned until 10 a.m. tomorrow morning. >> reporter: the senate passed a measure that with provide $60 million and many said the provides tag was too high. >> there raise been no...
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. >> tracie potts has a breakdown of what congress agreed to on capitol hill. >> good morning. a very late vote last night but in time for millions of americans who wondered if their taxes would go up this year. >> the house stands adjourned until 10:00 p.m. for morning our debates. >> lawmakers left capitol hill after finally avoiding the fiscal cliff. >> at some point you strike a balance. >> 257 democrats and republicans voting for a bill to keep the alternative minimum tax from hitting working families and prevent tax hikes for 98% of americans. tax rates will go up for couples making more than $450,000. democrats gave in on that. republicans won a victory -- the estate tax threshold is over $5 million. >> tax relief has been achieved. now is the time for the president to work with congress to address the government overspending. >> and the debt ceiling. before leaving for a whole lot president obama urged congress to raise it. >> we can't not pay bills that we have already incurred. the consequences for the global economy would be catastrophic. >> no word when the presiden
. >> tracie potts has a breakdown of what congress agreed to on capitol hill. >> good morning. a very late vote last night but in time for millions of americans who wondered if their taxes would go up this year. >> the house stands adjourned until 10:00 p.m. for morning our debates. >> lawmakers left capitol hill after finally avoiding the fiscal cliff. >> at some point you strike a balance. >> 257 democrats and republicans voting for a bill to keep the...
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the house approved a bill last night and the senate approved a bill tuesday morning. but the bipartisan bickering continues. after passing the bill, one very important piece of legislation was not touched -- a $60 billion aid package for victims of super stormed sandy. the house agree to hold a vote by january 15 but it comes one day after finger-pointing and outrage from lawmakers. >> it is a lashing and tough- talking chris christie is known for only the time it is a fellow republican his railing against. >> i called the speaker four times last night after 11:20 and he did not take my calls. >> publicly bashing john boehner, chris christie and others from the hard-hit areas of new york and new jersey did not hold back of the house's failure to vote on the sandy relief package last night. >> we cannot believe this knife in the back was delivered to our region. >> the legislation to help the areas still in ruins failed through the senate last -- sailed through the senate last week. but after last night, the house adjourned leaving the bill and thousands of displaced r
the house approved a bill last night and the senate approved a bill tuesday morning. but the bipartisan bickering continues. after passing the bill, one very important piece of legislation was not touched -- a $60 billion aid package for victims of super stormed sandy. the house agree to hold a vote by january 15 but it comes one day after finger-pointing and outrage from lawmakers. >> it is a lashing and tough- talking chris christie is known for only the time it is a fellow republican...
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. >> the drama is over -- congress has finally passed a fiscal deal. it was a long night for both sides but the house republicans decided to vote on that senate bill. the president signed off on a and said it will pass into law but many say this is not the end of the fiscal issues in 2013. >> parents at one montgomery county elementary school are asking for more security at the school. that story and more coming up this our. >> it is four days until the big game and excitement is growing each day and so are the ticket prices. redskins fans say they are willing to pay. it has been 13 years since a playoff game was played at fedex field. >> good morning to you washington. >> let's get a quick check on the forecast. >> it is a pretty decent day overall. we are very cloudy this morning but that is keeping the temperatures up. there is a wintry mix into southern maryland but that will push out shortly and the skies will clear out throughout the day. 36 degrees in washington and 34 at dulles and 30 in frederick. the temperatures are not moving a whole lot. h
. >> the drama is over -- congress has finally passed a fiscal deal. it was a long night for both sides but the house republicans decided to vote on that senate bill. the president signed off on a and said it will pass into law but many say this is not the end of the fiscal issues in 2013. >> parents at one montgomery county elementary school are asking for more security at the school. that story and more coming up this our. >> it is four days until the big game and excitement...
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this got done last night, 24 hours late but it got done. is congress dysfunctional? >> well, it's a very bumpy messy process. unless the speaker allows votes to happen like he did last night where he doesn't establish this rule that you have to have the majority of republicans in favor of something in the house, then it is going to be really hard to move forward with the people's business. but if the speaker does going forward, what he allowed to happen last night is just allow. it's not the republicans house or the democrats house. let the house vote. more republicans voting for something and fewer democrats. sometimes like last night, two democrats to every republicans voting for it. but the problem is the house republicans and this has been stated by nonpartisan. the house republicans are unwilling to compromise. a lot think compromise is a dirty word. they go back to districts and say they want things 100% their way. when you have divided government, one in control of congress, the only thing that stands in the way of divided government and dysfunctional governme
this got done last night, 24 hours late but it got done. is congress dysfunctional? >> well, it's a very bumpy messy process. unless the speaker allows votes to happen like he did last night where he doesn't establish this rule that you have to have the majority of republicans in favor of something in the house, then it is going to be really hard to move forward with the people's business. but if the speaker does going forward, what he allowed to happen last night is just allow. it's not...
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the measure goes to the president, who thanked congress for making an agreement. >>> but house leaders scrapped the vote for aid for hurricane sandy, prompting hanger. >>> and family members at sandy hook elementary getting a chance to see the new school before classes begin. the middle school has been renovated to accommodate the young students. >>> thunderstorms from houston to north carolina and the carolinas. there will be bitter cold this morning here, in the northeast. >>> and finally, this wednesday morning, a quick fix for when you had one or two or three or a whole lot too many. way too many. >> whether it was celebrating the new year, or an occasional, you go out with your friends, it's familiar the aftermath. the hangover. you know what i'm talking about? >> we're working. we don't know what you're talking about. >> abc's linsey davis tells us how we might be able to beat the hangover. >> reporter: waking up to a nasty bout of nausea. battling a blinding headache. hopefully, nothing like what the guys in "the hangover" experienced. >> what the [ bleep ] happened am i missing
the measure goes to the president, who thanked congress for making an agreement. >>> but house leaders scrapped the vote for aid for hurricane sandy, prompting hanger. >>> and family members at sandy hook elementary getting a chance to see the new school before classes begin. the middle school has been renovated to accommodate the young students. >>> thunderstorms from houston to north carolina and the carolinas. there will be bitter cold this morning here, in the...
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. >> after months of drama and last-minute negotiations congress finally passed legislation to avoid the fiscal cliff. after the vote, a rare late-night statement from president obama. >> this law is just one step in the broader effort to strengthen our economy and broaden the opportunity for everybody. >> lawmakers completely blew their deadline. they didn't get the grand bargain that both claim was parties claim was their ultimate goal. but tonight both democrats and republicans gave themselves credit forgetting something done.y, veryis a very, very strg first step. >> this is an important one. this is a critical one for the future of the country. >> there was considerable happened wringing about a lack of spending cuts. some wanted to add them in, but ultimately there weren't enough votes t passed. passed. the bill was overwhelming bipartisan support would extend tax cuts for all tax earners earning less than $400,000 a year and tax hikes on those estates worth $5 million. and benefits set to expire for some two million people. since congress missed the january 1st midnight deadli
. >> after months of drama and last-minute negotiations congress finally passed legislation to avoid the fiscal cliff. after the vote, a rare late-night statement from president obama. >> this law is just one step in the broader effort to strengthen our economy and broaden the opportunity for everybody. >> lawmakers completely blew their deadline. they didn't get the grand bargain that both claim was parties claim was their ultimate goal. but tonight both democrats and...
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. >> after months of drama and last-minute negotiations congress finally passed legislation to avoid the fiscal cliff. after the vote, a rare late-night statement from president obama. >> this law is just one step in the broader effort to strengthen our economy and broaden the opportunity for everybody. >> lawmakers completely blew their deadline. they didn't get the grand bargain that both parties claim was their ultimate goal. but tonight both democrats and republicans gave themselves credit forgetting something done. >> this is a very, very strong first step. >> this is an important one. this is a critical one for the future of the country. >> there was considerable happened wringing about a lack of spending cuts. some wanted to add them in, but ultimately there weren't enough votes to get it passed. the bill was overwhelming bipartisan support would extend tax cuts for all tax earners earning less than $400,000 a year and tax hikes on those estates worth $5 million. and benefits set to expire for some two million people. since congress missed the january 1st midnight deadline, te
. >> after months of drama and last-minute negotiations congress finally passed legislation to avoid the fiscal cliff. after the vote, a rare late-night statement from president obama. >> this law is just one step in the broader effort to strengthen our economy and broaden the opportunity for everybody. >> lawmakers completely blew their deadline. they didn't get the grand bargain that both parties claim was their ultimate goal. but tonight both democrats and republicans gave...
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. >> after months of drama and last-minute negotiations congress finally passed legislation to avoid the fiscal cliff. after the vote, a rare late-night statement from president obama. >> this law is just one step in the broader effort to strengthen our economy and broaden the opportunity for everybody. >> lawmakers completely blew their deadline. they didn't get the grand bargain that both parties claim was their ultimate goal. but tonight both democrats and republicans gave themselves credit forgetting something done. >> this is a very, very strong first step. >> this is an important one. this is a critical one for the future of the country. >> there was considerable happened wringing about a lack of spending cuts. some wanted to add them in, but ultimately there weren't enough votes to get it passed. the bill was overwhelming bipartisan support would extend tax cuts for all tax earners earning less than $400,000 a year and tax hikes on those estates worth $5 million. and benefits set to expire for some two million people. since congress missed the january 1st midnight deadline, te
. >> after months of drama and last-minute negotiations congress finally passed legislation to avoid the fiscal cliff. after the vote, a rare late-night statement from president obama. >> this law is just one step in the broader effort to strengthen our economy and broaden the opportunity for everybody. >> lawmakers completely blew their deadline. they didn't get the grand bargain that both parties claim was their ultimate goal. but tonight both democrats and republicans gave...
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with this congress over whether or not they should be the bills that they have already rack up. >> if the president thinks he 'not going to negotiate, he better thing again. >> john boehner signaled a return to a hard line on spending by delays a vote on aid to the victims of hurricane sandy. several members of his own party immediately and loudly blasted him this afternoon, including new jersey governor chris christie. the speaker has now scheduled a vote for friday and a second vote on january 15th. >>> and the speaker has just responded to that criticism through a spokesman this evening. nbc news correspondent mike viqueira is nbc's washington bureau right now. mike, how much support does the speaker have right now to stay in that position? >> you know, jim, that's a great question. there's been a lot of speculation over the last couple days. after all that turmoil yesterday, where there was a back and forth, a question whether house republicans would go along with the overwhelming bipartisan vote, there were republicans very angry about that vote, they didn't think it had enough s
with this congress over whether or not they should be the bills that they have already rack up. >> if the president thinks he 'not going to negotiate, he better thing again. >> john boehner signaled a return to a hard line on spending by delays a vote on aid to the victims of hurricane sandy. several members of his own party immediately and loudly blasted him this afternoon, including new jersey governor chris christie. the speaker has now scheduled a vote for friday and a second...
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but last night congress sent president obama a deal on the fiscal cliff. after months of drama and some tense last-minute negotiations, congress finally passed legislation to avoid the fiscal cliff. after the vote, a rare late-night statement from president obama. >> under this law, more than 98% of americans and 97% of small businesses will not see their income taxes go up. >> reporter: lawmakers completely blew their deadline. they didn't get the grand bargain both parties claimed was their ultimate goal. both democrats and republicans gave themselves credit for getting something done. >> this is a very, very strong first step. >> this is an important one. this is a critical one for the future of the country. >> reporter: there was considerable hand ringing among republicans about a lack of spending cuts. some wanted to add them in, but ultimately there wasn't enough votes to get it passed. this fiscal cliff deal, which passed the senate with overwhelming bipartisan support would extend tax cuts for all workers earning less than $400,000 a year, prevent
but last night congress sent president obama a deal on the fiscal cliff. after months of drama and some tense last-minute negotiations, congress finally passed legislation to avoid the fiscal cliff. after the vote, a rare late-night statement from president obama. >> under this law, more than 98% of americans and 97% of small businesses will not see their income taxes go up. >> reporter: lawmakers completely blew their deadline. they didn't get the grand bargain both parties claimed...
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late last night the congress and white house hammered out a deal. the house of representatives passed a senate bill that protects 99% of americans from an income tax hike. >> a central premise of my campaign was to change the tax code. that was too skewed toward the wealthy at the expense of working middle class americans. tonight we done have that >> president obama is right now as we speaking flying back to hawaii. he's resuming the family vacation he cut short in order to deal with that fiscal cliff. here are some of the details of the fiscal cliff deal that was passed last night. a perm extension of previous tax cut for all taxpayers expect for individuals that make $400,000 a year or couples that make more than $450,000. the bill continues unemployment benefits for long-term jobless. and postpones a decision on controversial spending cuts for two months. even though congress acted to avert income tax hikes on most americans, your paycheck will still shrink in 2013. ktvu janine de la vega is in san jose right now to explain about the end of the
late last night the congress and white house hammered out a deal. the house of representatives passed a senate bill that protects 99% of americans from an income tax hike. >> a central premise of my campaign was to change the tax code. that was too skewed toward the wealthy at the expense of working middle class americans. tonight we done have that >> president obama is right now as we speaking flying back to hawaii. he's resuming the family vacation he cut short in order to deal...
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that gave president obama reason to make a rare late-night stop in the briefing room. >> under this law, more than 98% of americans and 97% of small businesses will not see their income taxes go up. >> reporter: the president quickly turned from thanking congress to calling them out over raising the country's borrowing limit, the debt ceiling, necessary within weeks. >> while i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up. >> reporter: many in both parties remain frustrated that the fiscal cliff deal does not cut the deficit. >> i severely regret that this is not a big, bold, balanced plan. >> reporter: and that will be the next washington drama. >> we also need to address the fundame fundamental causes of our debts and deficits and that's out-of-control spending. >> reporter: columnist david brooks criticized congress for setting up fights by avoiding hard decisions. far from laying the groundwork for future cooperation, it sentences the country to another few years of bud
that gave president obama reason to make a rare late-night stop in the briefing room. >> under this law, more than 98% of americans and 97% of small businesses will not see their income taxes go up. >> reporter: the president quickly turned from thanking congress to calling them out over raising the country's borrowing limit, the debt ceiling, necessary within weeks. >> while i will negotiate over many things, i will not have another debate with this congress over whether or...
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to over the fiscal cliff.but for & night... theehoose approved &pmeasure passed earliir n the day....by the ssnatt. it day.aises taxes on individuals &pearninggmore than 400-thoosan a year... and couples earning more than 450--housand dolllrs unemployment benefits. prrsideet obama praised lawmakers for reaccing an &pagreement that prottcts tte middle class. thanks to the votes of democrats and republicans in &pcoogress, i will sign aalaw that raises taxes on the cllssstax hike thht could have recession and obvvously had a severe impact on families all america.merica. middle claas amerrians will still take a financcal hit n po pay higher income taxes... they will have to pay at least 2-percent more in payroll taxes. thaa means most of the coontry's 160 illion workers will see smaller paychecks thiss the house of reppeeentatives wrapppd up this session wwthout considering the legislation.... authorizing assistance for uperstorm sandy victtms. the senate had alrrady passed the 60-poinn-four-billion dollar easure... but because new
to over the fiscal cliff.but for & night... theehoose approved &pmeasure passed earliir n the day....by the ssnatt. it day.aises taxes on individuals &pearninggmore than 400-thoosan a year... and couples earning more than 450--housand dolllrs unemployment benefits. prrsideet obama praised lawmakers for reaccing an &pagreement that prottcts tte middle class. thanks to the votes of democrats and republicans in &pcoogress, i will sign aalaw that raises taxes on the cllssstax...
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after months of wring lynn and rhetoric, congress late last night approving a deal to avert the dreaded fiscal cliff. >> on this vote the yeas are 257, the nays are 167 the motion is adopted without objection the motion to reconsider is laid on the table. bill: with that it was dun, it was dunn. you were probably watching college football but not before widespread tax hikes were baked into the deal. and those drastic budget cuts we talked about for a year, they were kicked down the road. there are many questions on the fine print. i'm bill hemmer. welcome here to "america's newsroom.". nice to see you back. martha: dun to your spelling. i'm arthel neville in more merit that mack today. democrats are hailing the deal as a victory. republicans are saying they were making the best of a bad situation. bill: the deal calls for more spending. not less spending in the end >> virt wallly no one believes what we have here tonight is a long-term solution. >> we set up for fiscal cliffs. >> we'll look back on this night and regret it. bill: doug mckelway in washington. late night again last night.
after months of wring lynn and rhetoric, congress late last night approving a deal to avert the dreaded fiscal cliff. >> on this vote the yeas are 257, the nays are 167 the motion is adopted without objection the motion to reconsider is laid on the table. bill: with that it was dun, it was dunn. you were probably watching college football but not before widespread tax hikes were baked into the deal. and those drastic budget cuts we talked about for a year, they were kicked down the road....
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we're learning more about the budget deal congress passed late last night. this started out as a debt reduction bill and ended with spending and increase the nation's debt. didn't work out exactly as planned. the bottom line, this law will provide 620 billion dollars in new tax hikes. and 15 billion in budget cuts. and for those of you keeping track at home. for every $1 in cut, according to the so-called debt deal adds nearly 4 trillion dollars to federal deficits over the next decade largely because of the extension of lower tax rates for almost all americans. 330 billion dollars of it is also an increase in spending, an increase in spending, more, more spending. plus, congress packed in some special gifts for the railroads, the car racing business, and some friends in hollywood who have some deep pockets. chris is our host of power play on foxnews.com live. happy new year! >> happy new year to you, merry cliff-mass. >> megyn: we went off the cliff and we're kind of off it, but moved the cliff and the cliff is in a weird place. postponed part of it. in any
we're learning more about the budget deal congress passed late last night. this started out as a debt reduction bill and ended with spending and increase the nation's debt. didn't work out exactly as planned. the bottom line, this law will provide 620 billion dollars in new tax hikes. and 15 billion in budget cuts. and for those of you keeping track at home. for every $1 in cut, according to the so-called debt deal adds nearly 4 trillion dollars to federal deficits over the next decade largely...
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congress approved a bill late last night that averts widespread income tax increases and deep spending cuts some say would threaten to trigger another recession if they all happened at the same time. but the bill just delays the cuts for two more months and we'll do this all over again. the congressional budget deal will add 4 trillion to the deficit. 4 trillion. despite all the back and forth on the income tax debate, at that,s will go up anyway on nearly every american worker. because the bill allows the payroll tax holiday to expire. chem cats -- democrats and republicans fought hard both sides agree it doesn't solve the country's long-term fiscal problems. >> let's send a message to the american people, again while this bill doesn't accomplish all we need to do to grow the economy, reduce the deficit and strengthen the middle class, it is a good way for us to have a happy start to a new year. by taking this first step. >> the fact is that republicans stand for smaller government and fiscal responsibility. there was nothing last night that was physically responsible. it was all main
congress approved a bill late last night that averts widespread income tax increases and deep spending cuts some say would threaten to trigger another recession if they all happened at the same time. but the bill just delays the cuts for two more months and we'll do this all over again. the congressional budget deal will add 4 trillion to the deficit. 4 trillion. despite all the back and forth on the income tax debate, at that,s will go up anyway on nearly every american worker. because the...
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. >> the president also last night sa said he's not going to negotiate with congress on the u.s. paying its bills. we'll see if that happens. it's very unlikely that he will not have that argument. we'll see that in the next few months. breanianna keilar and christine romans we'll check back, thank you. >>> chaos on a frozen lake when a sledder crashes through the ice, watch. and this is not the end of this, because one person after another false in trying to save this guy, but believe it or not, this story has a happy ending. c'mon dad! i'm here to unleash my inner cowboy... instead i got heartburn. [ horse neighs ] hold up partner. prilosec isn't for fast relief. try alka-seltzer. kills heartburn fast. yeehaw! kills heartburn fast. a hybrid? most are just no fun to drive. now, here's one that will make you feel alive. meet the five-passenger ford c-max hybrid. c-max says ha. c-max says wheeee. which is what you get, don't you see? cause c-max has lots more horsepower than prius v, a hybrid that c-max also bests in mpg. say hi to the all-new 47 combined mpg c-max hybrid. >>> 16
. >> the president also last night sa said he's not going to negotiate with congress on the u.s. paying its bills. we'll see if that happens. it's very unlikely that he will not have that argument. we'll see that in the next few months. breanianna keilar and christine romans we'll check back, thank you. >>> chaos on a frozen lake when a sledder crashes through the ice, watch. and this is not the end of this, because one person after another false in trying to save this guy, but...
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the congress is it the 11th hour again. >> christine romans, at the capital late last night. congresswoman marsha blackburn, republican from tennessee, voted against the bill. congresswoman, good morning. good to see you again. >> good morning. good to see you. >> before we get to why the no vote, take us behind the closesed doors and give us details that have not come out yet. what was the room like? >> oh, we had a very spirited debate, as you can well imagine, but it was healthy, it was good and members of the house, republican members of the house decided we are done with kicking this can down the road. it will happen no more. we grabbed that can, and that can is called spending cuts, it is what our constituents want to see. what the people in this country are demanding and as we move forward, we are going to be ready to make those cuts. are you going to -- you know, we think every agency in the federal government should do what house republicans voted to do. and that was to cut our budgets 11%. >> let me jump in. i want to get to the can here in a moment. because others
the congress is it the 11th hour again. >> christine romans, at the capital late last night. congresswoman marsha blackburn, republican from tennessee, voted against the bill. congresswoman, good morning. good to see you again. >> good morning. good to see you. >> before we get to why the no vote, take us behind the closesed doors and give us details that have not come out yet. what was the room like? >> oh, we had a very spirited debate, as you can well imagine, but it...
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congress finally comes together and passes a late night fiscal cliff deal. this morning we have the winners and losers for you. >>> delicate condition. that's the word on hugo chavez's health this morning. their people told to pray for their president. >>> sure, why not. thousands take an icy plunge all for a good cause. have you ever done that? >> never. i've considered it. >> on the list of things i will never do. >> good morning, everyone. welcome to "early start." john berman will stop by later. it is 5:00 a.m. in the east. >> up first, back from the bottom of the fiscal cliff, at least for now, millions of taxpayers and small business owners can exhale this morning sort of because late last night, the house passed a senate bill that temporarily brings you us back from the brink. the final tally, 257 for, 167 defense. it's interesting to note that while some top house republicans voted no, speaker john boehner voted yes. and here's what the deal means for you. no tax hikes for couples earning less than $450,000 a year. itemized deductions capped for coup
congress finally comes together and passes a late night fiscal cliff deal. this morning we have the winners and losers for you. >>> delicate condition. that's the word on hugo chavez's health this morning. their people told to pray for their president. >>> sure, why not. thousands take an icy plunge all for a good cause. have you ever done that? >> never. i've considered it. >> on the list of things i will never do. >> good morning, everyone. welcome to...
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last night republicans reluctantly passed the billaverting the fiscal disaster. >> president obama praised the deal and returned to his hawaiian vacation. >> reporter: they finally got it done. congress ended the long drama over the fiscal cliff with house republicans reluctantly passing the senate's bill. >> i will sign the law that lays the taxes on the final 2% of the americans and preventing a middle class tax hike that could have sent the country into recession. >> reporter: house republicans didn't want to raise taxes without cuts in government spending. >> there's no spending cuts. we are adding 4 billion dollars to the debt and we feel like that the senate bill failed miserablely. >> reporter: house republicans decided not to drag out the fight any longer and risk potentially taking the blame for massive tax hikes on every american worker. >> what's the alternative? allow 4 trillion dollars worth of tax hikes to hit the american people market uncertain? >> reporter: the bill shields people earning less than 400,000 a year from tax increases and extends unemployment benefits for 2 m
last night republicans reluctantly passed the billaverting the fiscal disaster. >> president obama praised the deal and returned to his hawaiian vacation. >> reporter: they finally got it done. congress ended the long drama over the fiscal cliff with house republicans reluctantly passing the senate's bill. >> i will sign the law that lays the taxes on the final 2% of the americans and preventing a middle class tax hike that could have sent the country into recession. >>...
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well, the action that congress took late last night to prevent income tax for most americans does not mean your paycheck is safe. ktvu's janine de la vega is in san jose right now to tell us why your next paycheck will still be smaller because the payroll tax holiday is ending. >> reporter: many people are surprised to hear that this payroll tax cut is expiring. analysts say this will but some strain on the economy because the less money people take home, the less they will spend. the average family making $50,000 a year will see their paychecks drop by $1,000 a year. the average family making $75,000 a year will see $1500 less a year and the average making $100,000 a year will see a decrease of $2,000 annually. now, one man we spoke to this morning said he did not know this would affect his paycheck and he says he doesn't like this. >> it will be a little bit hard. it will be difficult. i mean, we just have to survive like we have been. p penny-pinch, as they say. >> reporter: for the past few years, americans were enjoying a boost in their paychecks. the social security tax was lowe
well, the action that congress took late last night to prevent income tax for most americans does not mean your paycheck is safe. ktvu's janine de la vega is in san jose right now to tell us why your next paycheck will still be smaller because the payroll tax holiday is ending. >> reporter: many people are surprised to hear that this payroll tax cut is expiring. analysts say this will but some strain on the economy because the less money people take home, the less they will spend. the...
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Jan 2, 2013
01/13
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KRON
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congress has avoided a fiscal cliff. the republican lead house of representatives agreed on a compromise late last night. less than 24 hours after the deal passed the senate. the final house vote was 257 to 167, with 85 republicans joined democrats. the vote capped off weeks of back and forth between chambers. president obama praised the compromise, say that he does not want to repeat of the bickering in future negotiations. >> the bill keeps and come taxes the same for everyone except individuals making $400,000 a year or more. it also delays automatic spending cuts in defense and government programs for two months. it extends long-term unemployment benefits that were set to expire. the measure heads to the president obama, who has promised to sign it. he left immediately after commending on the house was bold, to rejoin his family in hawaii. >> new this morning, rental car companies avis is buying it is a car for more than $490 million expanding its business to include cars sharing services. avis will pay 12-25 per sha
congress has avoided a fiscal cliff. the republican lead house of representatives agreed on a compromise late last night. less than 24 hours after the deal passed the senate. the final house vote was 257 to 167, with 85 republicans joined democrats. the vote capped off weeks of back and forth between chambers. president obama praised the compromise, say that he does not want to repeat of the bickering in future negotiations. >> the bill keeps and come taxes the same for everyone except...
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Jan 2, 2013
01/13
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WMAR
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shame on congress. >> lawmakers expected a vote on the sandy aid bill late last night after the fiscal cliff deal passed but in a surprise move, boehner pulled the bill. boehner assures lawmakers a vote on sandy aid will happen by january 15th. >>> stress, you know, it's a normal part of our lives but how you hand tell can have a real impact on your health. being constantly stressed out can aid you. in fact, it's the greatest ager of all. chronic stress can do serious damage to you. >> in the short term it increases cortisol and other hormone levels. in other cases it depletes them. it's the delesion, having the chronic stress is aging. it increases our risk for cancers. it increases our risk of inflammation. the plaque rupture which causes heart disease, stroke, memory also and increases our risk of accidents. >> there's no way to avoid stress but how you manage it make as big difference. deep breathing, medication and having a good circle of friends for support is helpful. >>> if dropping extra pounds tops your list of resolutions this year, there are ways to boost your metabolism wi
shame on congress. >> lawmakers expected a vote on the sandy aid bill late last night after the fiscal cliff deal passed but in a surprise move, boehner pulled the bill. boehner assures lawmakers a vote on sandy aid will happen by january 15th. >>> stress, you know, it's a normal part of our lives but how you hand tell can have a real impact on your health. being constantly stressed out can aid you. in fact, it's the greatest ager of all. chronic stress can do serious damage to...
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Jan 2, 2013
01/13
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WBFF
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disappointment.late tuesday night... the house approved a measure ppssed earlier in the day... by the senate. it raises taxes on individuals earning mooe than 00-ttousand a year..it also extends d dolla unemployment eeeffts. &plawwakers for eaching an agreeeent that proteets tte middle class. thankssto the votee of democrats and republicans in congress, i will sign a law that raises taxxs n the wealttiest % of americans sent the economy back into ave 3 recession and obviousll haa a severe impact n families all across america. hit in 20-13. while they won't have to pay higger income taxes... thee will have to pay of the ccuntry's 160 million wwrkers will see smalllr paychecks this year. &pthe oose of representatives wrapped up this sessson without considering the sandy ictiis. authorizing phe ssnate had already ppssed the 60-point-four-billion doolar measure... but because new llwmakers will be sworn in tomooroow.. the entire legislative process will have to start over. republican leaders saa the fissal cliff maryland leaders are come uu with wayystt eep parylanders safer.the ma
disappointment.late tuesday night... the house approved a measure ppssed earlier in the day... by the senate. it raises taxes on individuals earning mooe than 00-ttousand a year..it also extends d dolla unemployment eeeffts. &plawwakers for eaching an agreeeent that proteets tte middle class. thankssto the votee of democrats and republicans in congress, i will sign a law that raises taxxs n the wealttiest % of americans sent the economy back into ave 3 recession and obviousll haa a severe...
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Jan 2, 2013
01/13
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FOXNEWSW
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how will wall street react to the fiscal deal brokered last night in the congress? joining us from washington is peter barns. it looked like there could be a big selloff if there was gridlock, but we've got good news, at least financially. >> yeah. that's right. markets like this bill. they all said -- analysts said it would help avert a recession this year. just a couple of hips ago, futures were point to go a stronger opening. dow futures are up about 200 points right now. s & p 500 futures up about 25 points. so a little bit more. nasdaq futures up more than 50 points. european markets followed their asian counterparts and rallied on the news. london's footsy, frankfort and paris, each jumping between 1.7 and 2%. asian markets were up about 1 to 2% each after the bill passed. >> steve: peter, i would have thought that wall street kind of baked this in because everybody figured they're going to come up with a deal eventually anyway. so it's kind of surprising to see such a big start. >> wall street is trading on headlines every day. so if there is a bad headline,
how will wall street react to the fiscal deal brokered last night in the congress? joining us from washington is peter barns. it looked like there could be a big selloff if there was gridlock, but we've got good news, at least financially. >> yeah. that's right. markets like this bill. they all said -- analysts said it would help avert a recession this year. just a couple of hips ago, futures were point to go a stronger opening. dow futures are up about 200 points right now. s & p 500...
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Jan 2, 2013
01/13
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WUSA
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the house came within hours of when the republican governor ripped the republican controlled congress and specifically house speaker john boehner for failing to vote before adjourning late last night on the sandy relief bill. >> we respond to innocent victims of natural disasters not as republicans or democrats, but as americans. or at least we did until last night. last night politics was placed before our oath to serve our citizens. for me it was disappointing and disgusting to watch. >> now a vote on the remaining $51 billion in the aid package will happen january 15th. lawmakers from new york, new jersey and elsewhere including a lot of republicans say they are satisfied eventually this aid will be forthcoming. >>> breaking news on secretary of state hillary clinton, good news. this is video shot just a short time ago of mrs. clinton leaving new york presbyterian hospital with her husband, former president bill clinton. secretary clinton had been hospitalized since sunday after doctors discovered a blood clot behind her right ear during a followup exam for a concussion she suffere
the house came within hours of when the republican governor ripped the republican controlled congress and specifically house speaker john boehner for failing to vote before adjourning late last night on the sandy relief bill. >> we respond to innocent victims of natural disasters not as republicans or democrats, but as americans. or at least we did until last night. last night politics was placed before our oath to serve our citizens. for me it was disappointing and disgusting to watch....
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Jan 2, 2013
01/13
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WBAL
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. >> tracie potts has a breakdown of what congress agreed to. >> good morning. a very late vote last night but runtime for millions of americans who wondered if their taxes would go what this year. >> lawmakers left capitol hill after finally avoiding the fiscal cliff. >> some point you strike a balance. >> 257 democrats and republicans voting for a bill to keep the alternative minimum tax from hitting working families and prevent tax hikes for 98% of americans. tax rates will go up for couples making more than $450,000. the estate tax threshold is over $5 million. >> tax relief has been achieved. now is a time for the president to work with congress to address the government overspending. >> and the debt ceiling. president obama urged congress to raise it. >> we cannot not pay bills that we have already incurred. the consequences for the global economy would be catastrophic. >> no word when the president will sign the new bill. it was just in time for nervous investors as markets reopen this morning. tracie potts, wbal-tv 11 news. >> police are investigating tw
. >> tracie potts has a breakdown of what congress agreed to. >> good morning. a very late vote last night but runtime for millions of americans who wondered if their taxes would go what this year. >> lawmakers left capitol hill after finally avoiding the fiscal cliff. >> some point you strike a balance. >> 257 democrats and republicans voting for a bill to keep the alternative minimum tax from hitting working families and prevent tax hikes for 98% of americans....
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Jan 2, 2013
01/13
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WUSA
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congress didn't make its deadline but the deal is enough to bring us back from the fiscal cliff. the house passed the senate's bill late last night. >> but the compromise does not resolve all the issues related to tax hikes and spending cuts. plenty to decide still. surae chinn is live on capitol hill. she has the latest on where we stand now. good morning, surae. >> reporter: good morning to both of you. the bill still needs the president's signature which is expected later on today. the president boarded air force one to head back to hawaii to finish his vacation with his family where he's expected to sign this bill into law. but this does really set up more showdowns in the future and in the coming months. the late night deal that was voted by the house late last night around 11:00 raises taxes on the wealthiest americans, including families earning $450,000 a year. but even democratic congressman jim moran voted down the belt because it sets up more fiscal showdowns, including having to debate raising the $16.4 trillion federal borrowing limit so the government can keep payin
congress didn't make its deadline but the deal is enough to bring us back from the fiscal cliff. the house passed the senate's bill late last night. >> but the compromise does not resolve all the issues related to tax hikes and spending cuts. plenty to decide still. surae chinn is live on capitol hill. she has the latest on where we stand now. good morning, surae. >> reporter: good morning to both of you. the bill still needs the president's signature which is expected later on...